New Delhi: The shares of tech giant HCL Technologies Limited recorded a jump on October 14, 2025, Tuesday. The stock jumped 2 percent to Rs 1,523.90. HCL Tech recorded excellent revenue and profit in Q2 FY26. The IT company’s other fundamentals are also strong, due to which there is a lot of potential for growth in this IT giant company. Brokerage firm Motilal Oswal Financial Services and two other leading brokerage firms have recommended buying the shares of the tech firm.
HCL Tech Q2 Fy26 Results
In the July-September quarter of 2025-26, HCL Tech posted superb revenue and profit. The company’s consolidated net profit increased by 10.2% to Rs 4,236 crore in Q2 FY26, while revenue jumped 5.2% quarter-on-quarter to Rs 31,942 crore. Not only this, EBIT also increased by 12.3% to Rs 5,550 crore, which shows the operational strength of the company.
Brokerage firms bullish on HCL shares
Brokerage firm Prabhudas Lilladher mentioned that HCL’s revenue growth is better than it had anticipated. Also, the company has benefited from it due to the growth in IT services and ER&D. Considering these factors, the brokerage initiated a BUY rating. It predicted the tsock to rise up to Rs 1,760 per equit share, which indicates a 17 per cent increase from the current share price.
Motilal Oswal Financial Services has alos maintained a bullish stance on HCL shares. The firm expects tech company’s USD revenue to be 5.3% and 7.2% CAGR in FY25-27. It is the fastest-growing large-cap IT stock, which has an impressive portfolio. The brokerage has sai dthat the stock has the potential to recah the level of Rs 1,800, indicating a jump of around 20.5 per cent.
According to brokerage house Centrum, HCL has strong growth visibility due to its AI driven modularization and infra transformation. Its cost efficiency will increase profitability. That is why it has been asked to BUY by upgrading it from neutral.
Current Market Price (CMP): Rs 1,495
Target Price (TP): Rs 1,691
Investors can expect a return of around 20.48% from the current share price.
HCL Tech’s focus is on AI, cloud, and legacy upgrades, which makes it a powerful stock. Apart from this, its further growth is confirmed by strong order book and client mining. The P/E of the stock is 24x and the target price is in the range of Rs 1,691-1,800, which is attractive for long-term investors.
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